$25,000,000
NEW CONSTRUCTION

5965 Gulf of Mexico Dr Longboat Key, FL 34228

Estimated payment $142,002/month

Total Views 14,780
11 Beds
17 Baths
17,199 Sq Ft
$1,454 Price per Sq Ft

Highlights

  • 150 Feet of Public Beach Waterfront
  • Guest House
  • Tennis Courts
  • Anna Maria Elementary School Rated A-
  • Water access To Gulf or Ocean
  • Home Theater

About This Home

Under Construction. A vision of architectural brilliance, this extraordinary estate, nestled on a nearly two-acre site on the Gulf of Mexico, is poised to redefine comfortable coastal living. Currently under construction with a cost basis of approximately $25 million, this landmark residence is destined to be one of the most iconic homes on Sarasota’s Gulf Coast. Conceptualized by internationally acclaimed Sweet Sparkman Architecture and Interiors, the design reflects a fusion of bold innovation, timeless elegance, and an intimate understanding of the coastal environment. The main residence is a masterpiece of refined sophistication, featuring an expansive primary suite with dual bathrooms and custom closets, a stately office, a dramatic foyer, and an open-concept great room leading to an elegant terrace with breathtaking views. Culinary enthusiasts will appreciate the convenience of dual kitchens — a main kitchen for entertaining and a chef’s kitchen for refined preparation — alongside a stunning wine cellar and formal dining room. Additional highlights include a lavish lounge, state-of-the-art cinema, multiple guest suites, a charming bunk room, a kitchenette for the guest suite level, and a breathtaking rooftop deck offering panoramic views. Complementing the residence is an exquisitely designed guest house as well as a pool house, creating a private retreat for guests and seamless entertaining. The estate’s exterior is equally fascinating, with lush, resort-inspired landscaping, tranquil water features, a tennis and pickle ball court and vast outdoor living spaces. The centerpiece is an enormous, shimmering pool, complete with a luxurious spa and an expansive deck offering countless options for alfresco dining and grand-scale gatherings. This exceptional estate embodies unparalleled craftsmanship and luxury. As construction progresses, the price will evolve, offering a rare opportunity to claim a bespoke piece of coastal elegance. Enjoy the ultimate island lifestyle on Longboat Key, renowned for its pristine beaches, tranquil ambiance, and world-class amenities. This idyllic retreat offers easy access to The Resort at Longboat Key Club, The St. Regis, St. Armands Circle, and the vibrant cultural offerings of downtown Sarasota. This extraordinary property offers the perfect balance of seclusion and connectivity in one of Florida's most sought-after destinations. Forbes Travel Guide’s Top 12 Destination for 2025 includes Longboat Key.

Listing Agent

Joel Schemmel

DOUGLAS ELLIMAN Brokerage Phone: License #3060476 Listed on: 01/09/2025

DOUGLAS ELLIMAN

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $72,570

Year Built

  • Home Under Construction

Lot Details

  • 1.64 Acre Lot
  • Lot Dimensions are 150x475
  • 150 Feet of Public Beach Waterfront
  • Property fronts gulf or ocean
  • East Facing Home
  • Oversized Lot
  • Irrigation Equipment
  • Property is zoned R1SF

Parking

  • 7 Car Attached Garage
  • Electric Vehicle Home Charger
  • Ground Level Parking
  • Tandem Parking
  • Garage Door Opener
  • Driveway
  • Off-Street Parking
  • Golf Cart Parking

Property Views

  • Beach
  • Full Gulf or Ocean
  • Tennis Court

Home Design

  • Home is estimated to be completed on 12/31/26
  • Custom Home
  • Coastal Architecture
  • Contemporary Architecture
  • Elevated Home
  • Metal Roof
  • Concrete Siding
  • Block Exterior
  • Pile Dwellings
  • Stucco

Interior Spaces

  • 17,199 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Open Floorplan
  • Built-In Features
  • Bar Fridge
  • Ceiling Fan
  • Sliding Doors
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Home Theater
  • Den
  • Loft
  • Bonus Room
  • Storage Room
  • Inside Utility

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Range with Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 11 Bedrooms
  • Primary Bedroom Upstairs
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Fire and Smoke Detector

Pool

  • Heated Infinity Pool
  • Cabana
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Saltwater Pool
  • Outside Bathroom Access

Outdoor Features

  • Water access To Gulf or Ocean
  • Tennis Courts
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Outdoor Kitchen
  • Exterior Lighting
  • Outdoor Storage
  • Rain Gutters
  • Private Mailbox

Additional Homes

  • Guest House

Location

  • Flood Zone Lot
  • Flood Insurance May Be Required

Schools

  • Anna Maria Elementary School
  • Martha B. King Middle School
  • Bayshore High School

Utilities

  • Zoned Heating and Cooling
  • Thermostat
  • Underground Utilities
  • Power Generator
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Built by Bluewater Construction LLC
  • Longboat Key Subdivision, Custom Floorplan
  • Longboat Key Community

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$72,570

Year Built

Home Under Construction

Lot Details

0

Parking

7

Listing Details

  • Property Type: Residential
  • Property Condition: Under Construction
  • Property Sub Type: Single Family Residence
  • Architectural Style: Coastal, Contemporary, Custom, Elevated
  • Construction Materials: Block, Concrete, Stucco
  • Fireplace: Yes
  • Living Area: 17199
  • Lot Size Acres: 1.64
  • New Construction: Yes
  • Year Built: 2026
  • Building Area Total: 32165
  • Lot Size Sq Ft: 71251
  • Directions to Property: Coming from the south, head north on 41 to the John Ringling Blvd and over the bridge. Go west over the bridge through St Armand's Circle. Head north toward Long Boat Key. Follow Gulf of Mexico Drive north to the property. Coming from the north, head over the Cortez Bridge to Gulf of Mexico Drive to the property.
  • Status: Active
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 576862852
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 1453.57
  • Total Acreage: 1 to less than 2
  • Unit Number YN: 0
  • Water Access YN: 1
  • Property Description: Elevated,Stilt Home
  • Permit Number: PB23-0018
  • Water Frontage Feet Beach: 150
  • MFR_InLawSuiteYN: 1
  • MFR_DockYN: 0
  • MFR_CommunityAssociationWaterFeatures: Waterfront
  • MFR_InLawSuiteDescription: 2+ Bathrooms,2+ Bedrooms,Detached (ADU),Private Entrance
  • Attribution Contact: Lena White
  • Tax Year: 2023
  • Special Features: 4098

Interior Features

  • Fireplace Features: Living Room
  • Living Area Units: Square Feet
  • Flooring: Hardwood, Tile
  • Full Bathrooms: 13
  • Half Bathrooms: 4
  • Interior Amenities: Built-in Features, Ceiling Fans(s), Central Vaccum, Eat-in Kitchen, Elevator, Kitchen/Family Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Thermostat, Walk-In Closet(s)
  • Appliances Included: Bar Fridge, Built-In Oven, Dishwasher, Disposal, Dryer, Freezer, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 11
  • Levels: Three Or More
  • Other Equipment: Irrigation Equipment, Generator
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 2
  • Window Features: Storm Window(s)
  • Street Number Modifier: 5965
  • Additional Rooms: Bonus Room,Den/Library/Office,Great Room,Inside Utility,Loft,Media Room,Storage Rooms
  • Living Area Meters: 1597.84
  • Room Count: 10

Exterior Features

  • Direction Faces: East
  • Other Structures: Cabana, Guest House, Outdoor Kitchen, Tennis Court(s)
  • Pool Features: Gunite, Heated, In Ground, Infinity, Outside Bath Access, Salt Water
  • Exterior Features: Balcony, Lighting, Outdoor Kitchen, Private Mailbox, Rain Gutters, Sliding Doors, Storage, Tennis Court(s)
  • Roof: Metal
  • Pool Private: Yes
  • View: Tennis Court, Water
  • Water Body Name: GULF OF MEXICO
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Front Porch, Patio, Porch, Rear Porch
  • Road Surface Type: Asphalt, Paved
  • Water Access: Beach,Gulf/Ocean
  • Water Extras YN: 0
  • Water View: Beach,Gulf/Ocean - Full
  • Water View YN: 1
  • Waterfront Feet Total: 150
  • Projected Completion Date: 2026-12-31T00:00:00.000

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 7
  • Garage Yn: Yes
  • Parking Features: Covered, Driveway, Electric Vehicle Charging Station(s), Garage Door Opener, Golf Cart Parking, Ground Level, Guest, Off Street, Oversized, Garage, Tandem

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Underground Utilities, Water Connected
  • Cooling: Central Air, Zoned
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Anna Maria Elementary
  • High School: Bayshore High
  • Middle Or Junior School: Martha B. King Middle

Lot Info

  • Zoning: R1SF
  • Parcel Number: 7897110008
  • Additional Parcels: No
  • Lot Features: Flood Insurance Required, FloodZone, In County, Oversized Lot, Paved
  • Lot Dimensions: 150x475
  • Flood Zone Code: VE, AE
  • Homestead YN: 0
  • Lot Size Square Meters: 6619

Green Features

  • Green Verification Count: 0

Building Info

  • Builder Name: Bluewater Construction LLC

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: Lease restrictions per the Town of Longboat Key code.

Tax Info

  • Tax Annual Amount: 72570.1
  • Tax Book Number: 1-127
  • Tax Lot: 5965

Multi Family

  • Waterfront Features: Beach Front, Gulf/Ocean

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $78,606 $5,255,787 -- --
2024 $78,606 $5,594,063 $5,594,063 --
2023 $72,570 $4,972,500 $4,972,500 $0
2022 $152,199 $9,527,393 $3,948,750 $5,578,643
2021 $81,540 $5,100,272 $0 $0
2020 $84,832 $5,029,854 $0 $0
2019 $82,172 $4,916,768 $0 $0
2018 $81,977 $4,825,091 $0 $0
2017 $76,915 $4,725,848 $0 $0
2016 $77,084 $4,628,646 $0 $0
2015 $77,497 $4,523,316 $0 $0
2014 $77,497 $4,487,417 $0 $0
2013 $73,127 $4,421,100 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2025 01/09/25 For Sale $25,000,000 +146.3% $1,454 / Sq Ft
06/01/2021 06/01/21 Sold $10,150,000 0.0% $1,006 / Sq Ft
03/16/2021 03/16/21 Pending -- -- --
01/15/2021 01/15/21 Off Market $10,150,000 -- --
01/15/2021 01/15/21 For Sale $11,495,000 +116.9% $1,140 / Sq Ft
01/15/2015 01/15/15 Sold $5,300,000 -29.3% $525 / Sq Ft
11/06/2014 11/06/14 Pending -- -- --
10/01/2014 10/01/14 Price Changed $7,500,000 -15.7% $744 / Sq Ft
09/09/2014 09/09/14 Price Changed $8,900,000 +18.7% $882 / Sq Ft
09/09/2014 09/09/14 Price Changed $7,500,000 -15.7% $744 / Sq Ft
02/24/2014 02/24/14 Price Changed $8,900,000 -5.3% $882 / Sq Ft
05/20/2013 05/20/13 Price Changed $9,400,000 -10.0% $932 / Sq Ft
11/21/2012 11/21/12 For Sale $10,450,000 -- $1,036 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $10,150,000 Attorney
Warranty Deed $5,300,000 Attorney
Warranty Deed $4,250,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $500,000 Credit Line Revolving
Previous Owner $2,500,000 Credit Line Revolving
Previous Owner $1,100,000 Unknown
Source: Public Records

Source: Stellar MLS

MLS Number: A4632544

Stellar MLS

APN: 78971-1000-8